(MT Newswires) -- Ron O'Hanley, CEO of State Street, praises the policy response and cooperation between regulators and major US banks in the face of crises such as regional bank failures and the collapse of Credit Suisse. He expresses doubts about market expectations of rate cuts in 2024, which contradict the Fed's projections. Finally, he highlights the challenges of economic growth in a context of deglobalisation, and stresses the need for the US to maintain a coherent foreign policy, regardless of the outcome of the forthcoming elections.
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